Golden State Equity Partners Sells 1,739 Shares of HF Sinclair Co. (NYSE:DINO)

Golden State Equity Partners lowered its stake in shares of HF Sinclair Co. (NYSE:DINO) by 15.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,277 shares of the company’s stock after selling 1,739 shares during the quarter. Golden State Equity Partners’ holdings in HF Sinclair were worth $516,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DINO. Pacer Advisors Inc. lifted its position in HF Sinclair by 55.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock valued at $259,322,000 after purchasing an additional 1,656,704 shares during the period. Vanguard Group Inc. lifted its position in HF Sinclair by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock valued at $948,766,000 after purchasing an additional 869,429 shares during the period. Los Angeles Capital Management LLC acquired a new position in HF Sinclair during the 3rd quarter valued at about $41,728,000. Korea Investment CORP lifted its position in HF Sinclair by 584.0% during the 3rd quarter. Korea Investment CORP now owns 283,962 shares of the company’s stock valued at $16,166,000 after purchasing an additional 242,447 shares during the period. Finally, AustralianSuper Pty Ltd lifted its position in HF Sinclair by 27.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,075,803 shares of the company’s stock valued at $59,782,000 after purchasing an additional 230,834 shares during the period. Institutional investors own 88.29% of the company’s stock.

Insiders Place Their Bets

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the transaction, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

HF Sinclair Stock Down 0.6 %

Shares of DINO traded down $0.35 during mid-day trading on Friday, hitting $57.31. 1,303,185 shares of the company’s stock were exchanged, compared to its average volume of 1,555,375. The company has a market cap of $11.30 billion, a PE ratio of 6.91 and a beta of 1.28. HF Sinclair Co. has a 52 week low of $37.12 and a 52 week high of $64.16. The company has a 50-day simple moving average of $58.85 and a 200 day simple moving average of $56.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period last year, the business earned $2.97 earnings per share. The firm’s revenue was down 14.7% on a year-over-year basis. On average, research analysts forecast that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.49%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. HF Sinclair’s payout ratio is 24.10%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DINO. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the company from $64.00 to $73.00 in a research report on Wednesday, February 14th. TD Cowen increased their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Barclays initiated coverage on shares of HF Sinclair in a research report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price target on the stock. Piper Sandler increased their price target on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.42.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.